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Recruitment finance can be used by temporary recruitment companies to finance the growth of their business. It also allows the outsourcing of various back office functions. This form of recruitment financeĀ allows recruitment companies to expand with the confidence that they can pay wages and the confidence that their administration will be done efficiently and professionally.

Recruitment finance will pay up to 100% of the invoice value the day after invoices are raised. This means that weekly wage demands can easily be met without having to worry if your clients are going to pay on time.

The outsourcing can include invoicing, credit control, payroll and various other services. For a new start business these services can be invaluable allowing the key staff to focus on sales and business growth. Even for larger businesses these services can typically be provided cheaper by an external provider when compared to the issues related to employment.

Recruitment finance will grow with your business as the facility grows in line with your sales ledger. This leaves your recruitment business just having to find clients and contractors.

If you undertake permanent recruitment then these invoices can also be accommodated and funded where necessary but often at a lower prepayment. Obviously permanent placement invoices do not have the same issue relating to cash flow as the contractors invoices where wages need to be met.

If you are looking for any form of recruitment finance contact the team at Recruitment Finance today.

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